 |
Definition of 'Bank Of Canada - BOC'
The central bank of Canada, that came into existence after the passing of the Bank of Canada Act in 1935, influences the country's economy and money supply.
|
 |
Investopedia explains 'Bank Of Canada - BOC'
The biggest tool at the BOC's disposal is the short-term lending rate (overnight rate) between banks. The Bank of Canada also manages government debt as well as issues new currency.
|
-
They print money, they control inflation, and much, much more. All you need to know about central banks is here.
Read More »
-
Learn about the tools the Fed uses to influence interest rates and general economic conditions.
Read More »
-
Search and compare the best checking and savings rates nationwide from Bankrate.com. Click Here!
Read More »
-
|
|